Ubisoft vs. EA comes up once again
Yves Guillemot, Ubisoft CEO, mentions that the company may be forced to give into EA in the future.
Article By:
Luigi
Published:
22 Sep 2005
In a recent interview with French newspaper, Les Echos, Ubisoft's CEO Yves Guillemot has stated that a takeover of the French gaming publisher/developer by EA is still quite possible.
As you probably know, EA purchased around 20% of Ubisoft's stock last year. Fearing that this may have been a "hostile" takeover, Guillemot admitted to taking cover with the help of French authorities to protect themselves against anything of the sort.
Guillemot is now saying, though, that a "reasonable offer would force the company to consider accepting, for the benefit of shareholders and employees. We are not safe from a hostile action from Electronic Arts, which would be difficult to block if they make a genuinely interesting offer... [Though] I doubt that our shareholders could be won over by a cut price."
Apparently, at this time, Ubisoft's stock has gone through the roof in a value of $1.66 to a whopping $51.78. Will the EAmpire take over? Keep it on Ninformer.com for any news on the subject as it breaks.
As you probably know, EA purchased around 20% of Ubisoft's stock last year. Fearing that this may have been a "hostile" takeover, Guillemot admitted to taking cover with the help of French authorities to protect themselves against anything of the sort.
Guillemot is now saying, though, that a "reasonable offer would force the company to consider accepting, for the benefit of shareholders and employees. We are not safe from a hostile action from Electronic Arts, which would be difficult to block if they make a genuinely interesting offer... [Though] I doubt that our shareholders could be won over by a cut price."
Apparently, at this time, Ubisoft's stock has gone through the roof in a value of $1.66 to a whopping $51.78. Will the EAmpire take over? Keep it on Ninformer.com for any news on the subject as it breaks.
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